POSITION SUMMARY
As a Mortgage Underwriter, you are responsible for reviewing all aspects of a Mortgage Loan file, including title and credit, for accuracy. In this role, you will complete all underwriting functions in accordance with various program requirements, Bank standards, and related legal and regulatory requirements. You will ensure that all lending conditions have been satisfied prior to closing. As an Underwriter, you will act as a Subject Matter Expert and approve loans within specified limits and refer loan applications outside those limits to management. You will professionally communicate decisions, issues and conditions to lender / Loan Officer and consistently ensure the loan quality of all loans underwritten. As a representative of the bank, you are required to present a positive and professional image at all times.
JOB REQUIREMENTS
- High school diploma or equivalent required
- 5-7 years underwriting FHA, VA, USDA, JUMBO and Conventional loans required
- FHA Direct Endorsement (DE) Underwriter designation required
- VA Staff Appraisal Reviewer (SAR) designation required
- Knowledge of Secondary Market guidelines required
- Encompass experience preferred
- Non-QM experience preferred
COMPETENCIES
Ability to consistently display a professional demeanorPossess good organizational skillsBe self-motivated and possess the ability to adjust to a fast-paced, multi-demand, ever-changing work environmentPossess exceptional customer service skillsPossess professional, clear and concise communication skillsAbility to interact with various levels of staff and vendorsAbility to work independently and keep supervisor updated appropriatelyPossess extensive follow-up skillsPossess advanced computer skills in applications such as Microsoft Excel, Microsoft Word and Windows-based applicationsPossess experience in underwriting THDA and USDA programsPossess strong analytical skillsAbility to make quality decisions while meeting company turn-time guidelinesPossess knowledge of Fannie, Freddie, HUD and VA, USDA guidelinesProven use and knowledge of AUS and GUSDUTIES AND RESPONSIBILITIES
Review appraisals and ensure that risks are appropriate and meet all guidelines of the applicable loan typeReview all aspects of a Mortgage Loan file, including title and credit, for accuracyAnalyze an applicant's credit history and financial information to assess risk profile and eligibilityCalculate income on borrowers to determine their ability to manage loan obligationsApprove loans within specified limits, and refer loan applications outside those limits to management for approvalEffectively communicate, and work through, complex files with Production team and ManagementPerform second reviews of files underwriting by other underwriting teammatesAct as a recognized subject matter expert within the Company and partners with management on underwriting-related issues by providing analytical support, and counseling advice for their functional areasReview private mortgage insurance for applicable loansRework loans to new terms, and identify additional conditions as neededComplete all underwriting functions in accordance with various program requirements, Bank standards, and related legal and regulatory requirementsComplete related documentation and reportsMaintain mortgage loan files and ensure their completenessEnsure that all lending conditions have been satisfactorily met prior to closingEnsure the marketability of closed loansEstablish and maintain effective communication and coordination with management by assisting and supporting loan officers and operations staff as neededAnswer questions from Mortgage Lending personnel regarding guidelines of multiple investors, government agency, GSE's, policies and proceduresKeep management informed of area activities and of any significant problemsAttend and participate in meetings and committees as requiredEstablish and maintain professional working relations external lending professionals and governmental agenciesConvey correct information regarding loan policies and proceduresMaintain and continued knowledge of underwriting requirements and policies, and investor guidelinesStay informed of modifications and updates in software applicationsComplete special projects as assignedProvide suggestions for improvements in underwriting policies and proceduresMeet minimum KPI requirements for new loan files and resubmissions monthlyMaintain compliance with regulations and bank policies and procedures, including the Bank Secrecy Act (BSA) and the Office of Foreign Assets Control (OFAC) requirementsActively support the ongoing development of a culturally diverse workforceComplete other duties as assigned as determined by management to be reasonable and beneficialPHYSICAL REQUIREMENTS
While performing the duties of this job, the employee is regularly required to communicate effectively with lenders, clients, management and employees. Regular use of the telephone and email for communication is essential. Remaining in a stationary position for extended periods operating a computer of time is common. Must be able to accurately gather and process verbal and written information and properly prepare or inspect documents. Good manual dexterity is needed for the frequent use of common office equipment such as computer terminals, calculators, copiers and telephones. Occasional travel may be required.
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
